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03 June 2024

Dominican Republic Tax Administration grants automatic extension for filing CbCR

Taxpayers covered by the Country-by-Country Report (CbCR) obligation will now have until 30 August 2024 to submit the CbCR for fiscal year (FY) 2022. On 31 May 2024, the Tax Administration issued a statement through Notice 10-24 announcing the extension for taxpayers covered by the CbCR obligations for FY 2022. The original deadline was 31 May 2024.

Background

The provisions established in General Norm 08-2021 apply to taxpayers that are the Ultimate Parent Entity (UPE) or Constituent Entity (CE) of a Multinational Group (MNE Group) with consolidated annual revenue equal to or higher than 38.8 billion Dominican pesos (DOP38.8b) (i.e., €750m according to the 2015 exchange rate established in Notice 18-22) and are tax resident in the Dominican Republic.

For additional information, see EY Global Tax Alert, Dominican Republic filing deadline approaches for Country-by-Country Report, dated 3 May 2024.

Implications

Affected UPEs and CEs of MNE Groups should take care to comply with the extended deadline and consult their tax advisors as needed.

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Contact Information

For additional information concerning this Alert, please contact:

EY Dominican Republic

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2024-1124

 
 

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